'No Sunday Times job cuts in Dublin'
'THE Sunday Times' £40m (€46.4m) cost-cutting drive will have no impact on jobs at the newspaper's Irish office, staff in Dublin were assured yesterday. News of the cutbacks emerged in reports that said 30 to 40 jobs could be lost across 'The Sunday Times'. A further 50 jobs at 'The Times' may also be lost. "I've told the staff there will be no redundancies here," Irish editor Frank Fitzgibbon said yesterday. "The paper has been performing very strongly, there's absolutely no threat."
02 Ireland records 4.7pc fall in profit
Pre-exceptional profits at O2 Ireland fell 4.7pc to €66m in the first quarter of this year even as the company added 10,000 contract customers and experienced the lowest "churn" level in two years. Service revenue, which excludes sales from its retail outlets, fell 6.7pc year-on-year to €196m. O2 Ireland's blended average monthly revenue per user (ARPU) fell 5pc year-on-year to €37.37. Contract customers spent on average €60.12 per month, a 6.9pc year-on-year fall, while the ARPU for its pre-pay subscribers declined 10pc to €21.75.
Pub group pays out to MacSharry
Former finance minister Ray MacSharry has been awarded various undisclosed personal costs and expenses by UK listed pub group Mitchells & Butlers after he and other non-executive directors were ousted from the firm last year amid a boardroom bust-up. M&B said yesterday it regretted the manner in which the tenure of Mr MacSharry and other affected directors had ended.
Earnings up 12pc at BT Ireland
Earnings at telecoms group BT Ireland climbed 12pc in the year to the end of last March as the firm -- part of British Telecom -- signed up new corporate customers such as Glanbia and Allianz and drove additional efficiencies. BT Ireland employs 3,400 people. The data covers the island of Ireland. Revenue declined 3pc to £801.1m (€898.8m) during the period. However, in the Republic of Ireland, when the results of its operating entities here are combined, the company made a pre-tax profit of €2.13m in the 12 months to the end of March 2009.That was the first time the group ever recorded a profit here since it entered the Republic's telecoms market.
BT Ireland's new chief executive, Graham Sutherland, said that the operating environment continues to be "challenging", but there had been "encouraging signs" on revenue trends during the fourth quarter as the figure remained flat for the three month